Industry: Agriculture Region: United Arab Emirates Transaction price: $1 million Transaction method: equity financing
Brief introduction:
A company in the United Arab Emirates is planning to build the world's first commercial-scale indoor tomato farm, currently slated for construction in ABU Dhabi's Khalifa industrial zone. It's about 5000 square meters. The farm facility will produce fresh tomatoes using only LED lights and will use 30 percent less water per kilogram of tomatoes compared to state-of-the-art greenhouses. It will triple the number of microplants it now produces and grow a wide range of products.